What kind of budgeting strategies should I use?

When it comes to budgeting strategies, there are a few key approaches worth considering. First, you might opt for a traditional monthly budget where you map out your expected income and expenses for the upcoming month. Another strategy is zero-based budgeting, where you assign all of your income to specific categories and aim to spend exactly that amount. Alternatively, you could try envelope budgeting, where you use cash envelopes to allocate a specific amount to different categories. The key is to find a budgeting strategy that works for you, based on your financial goals and personal preferences.

This mind map was published on 26 May 2023 and has been viewed 69 times.